BANKING AFFAIRS

Detailed explanation-1: -It had set aside Rs 20, 000 crore through supplemental grant requests for the recapitalization of PSBs.

Detailed explanation-2: -Bank recapitalization is a method to infuse new and fresh capital into banks to strengthen their balance sheet. To help with the credit flow, the government as well as private institutions use equity and debt instruments to recapitalize the banks. It is very important to ensure the credit growth of the economy.

Detailed explanation-3: -State Bank of India was the leading Indian public sector bank based on market capitalization with nearly 3.7 trillion Indian rupees as of October 2022. Bank of Baroda followed, with Canara Bank ranking third that year.